Today, Northbound funds sold a net 10.958 billion yuan of A-shares, the largest net sell-off since January 17, and continued to sell for the fourth consecutive day.

Among them, Wanhua Chemical Group, Contemporary Amperex Technology, and Naura Technology Group suffered net sales of 466 million yuan, 409 million yuan, and 254 million yuan respectively. Kweichow Moutai, Midea Group Co., Ltd., and Foxconn Industrial Internet received net purchases of 422 million yuan, 349 million yuan, and 307 million yuan respectively.

Today, Southbound funds bought a net of HKD 3.659 billion in Hong Kong stocks.

Among them: China Mobile was bought for a net amount of 834 million yuan, Industrial and Commercial Bank of China for 540 million yuan, CM Bank for 520 million yuan, Xiaomi for 372 million yuan, China Construction Bank Corporation for 305 million yuan, and ASMPT for 243 million yuan; Tencent was sold for a net amount of 473 million yuan, Li Ning for 258 million yuan, and CNOOC for 175 million yuan.

According to statistics, Southbound funds have been net buyers of China Construction Bank for nine consecutive days, with a total of HKD 3.20102 billion; net buyers of Industrial and Commercial Bank of China for eight consecutive days, with a total of HKD 2.88643 billion, and net sellers of CNOOC for four consecutive days, with a total of HKD 1.12894 billion.

Individual Stocks Concerned: China Mobile: On the news front, Goldman Sachs issued a research report stating that the company's management maintained its expectations for stable growth in revenue and profit in 2024. Due to increased R&D and marketing expenses for enterprise business (cloud, artificial intelligence, industrial internet, etc.), EBITDA profit margin continued to show a downward trend, but the slowdown in depreciation costs helped support the trend of stable net profit margin. The management believes that the dividend payout ratio can be increased from 71% to the target of 75% in 2026. Goldman Sachs believes that stable business growth and steady capital expenditures should help China Mobile gradually increase its dividends. Chinahongqiao:

Wanhua Chemical GroupToday it fell by 2.68%. According to Qichacha data, Wanhua Chemical Group has newly obtained a patent authorization for an invention, named " A Preparation Method of Low-Amine Content Polyetherimide ", and the patent application number is CN202210749695.8, with the authorization date of June 25, 2024.

Naura Technology GroupToday it rose by 0.03%. Naura Technology Group announced that the 2023 equity distribution plan of the company is as follows: based on the current total share capital of 531,019,664 shares, a cash dividend of 7.800000 yuan (tax included) will be distributed to all shareholders for every 10 shares. The record date for the equity distribution is July 3, 2024, and the ex-dividend date is July 4, 2024.

Kweichow MoutaiToday it rose by 0.09%. The latest reference price for liquor disclosed today shows that the wholesale reference price for Feitian Moutai 24-year-old bottled liquor has risen from 200 yuan the previous day to 2250 yuan. The wholesale reference price for a box of 24-year-old Feitian Moutai rose to 2500 yuan/bottle, up from 2490 yuan/bottle yesterday.

Materials of the companies of North Water

China MobileToday it rose by 0.6%. The latest statistics show that as of the end of May, there are more than ten intelligent computing centers in China with high-performance computer clusters, and the construction of intelligent computing centers has become a key focus of telecommunications operators in the next few years. China Telecom, China Mobile, and China United Network Communications all continue to layout.

Industrial and Commercial Bank of ChinaToday it fell by 1.08%. According to the latest equity disclosure data from HKEX, on June 20, 2024, Industrial and Commercial Bank of China (01398.HK) received a net increase of 30.605 million shares from Ping An Insurance Group Co., Ltd., at an average price of HKD 4.5875 per share, involving approximately HKD 140.4 million. After the increase, the latest number of shares held by Ping An Insurance Group Co., Ltd. is 1,129,390,200 shares, and the shareholding ratio has increased from 12.97% to 13.01%.

Tencent Today it fell by 1.99%. On June 27, Tencent spent HKD 1 billion to repurchase 2.67 million shares.